President Rodrigo Duterte earlier threatened to close the Ninoy Aquino International Airport Terminal 2 if PAL did not settle its unpaid navigational fees to the government. PAL earlier said it was expecting to post a net loss this year due to the unpaid navigational fees and other charges to the government. PAL Holdings Inc., the parent firm of PAL, earlier reported a total comprehensive loss of P1.05 billion in the January-to-June period, a turnaround from a profit of P4.62 billion last year. NAIA’s four terminals are currently serving 42 million passengers a year, 12 million or 40 percent more than their design capacity of 30 million. Constructing a new, 89,000 square-meter air terminal north of NAIA 2 would help decongest the airport and provide PAL passengers much-deserved space, amenities and modern conveniences.

Source: The Standard November 03, 2017 12:33 UTC